Consider the market for wheat.If there is an improvement in harvesting technology,
A) the supply curve for wheat shifts rightward.
B) the demand curve for wheat shifts rightward.
C) there is a movement up along the demand curve.
D) the equilibrium price rises.
E) the demand curve for wheat shifts leftward.

Question

Quizplus · Accepted Answer

An improvement in harvesting technology would increase the productivity and efficiency of wheat production, leading to an increase in the supply of wheat. This would cause the supply curve to shift rightward, resulting in a lower equilibrium price and an increase in the quantity of wheat traded.

Consider the Market for Wheat